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A search of oompa~rable sales was made in the general area between
North 13th Street and North.l7th Street, Properties of similar age,
oongtructi,ai, and oonditi+ocz were sought, .bo establish the applicable
price ragge for the subject. Gevezallp this nei.gbbor!~ood offers many
structures of similar age, asthoug~? var3~ous E:oc~struction techin4ues}
and size can be found,
Four sales were -identified as berg basiCal7 similar bo the subject.
11~ese sales rammed in prime fx+am $17,000 tQ ~Z0,000; of these. tia~ee
were $18,J00 or less. I~ort3~er investigation revealed those -
toward the I,awer end of the ramie to be most similar to the subject.
Adjustments were made _ to these properties- to equalize them with the
~ subject. -
.Upon ooasideration of the various qualities of tivese properties, I - §
have formed the opia~,on that the Market Value of the subject a3 of
November 15, 1979, was : 18 000. O~a~r+ent Market Valve is considered
to be aged since that ~ 4
.
Zherefore, in reliance as the Oomparable Sales Approach., it is my
opini~oci that tiie subject pxopertp bas a Fair Market Value of:
. EIC~~1ffi~T ~iOiiSA1~ID DOLI~RS
~ ($18.
The attached Certification and Assumpti,oc~s and Idmiti~g Conditions are
hereby made a part of this appraisal.
. Respectfully tied, ~
• Ghief
A~ {
Realtor-associate -
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